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Interest rate announcement: Reserve Bank holds cash rate steady, experts predict November cut – Domain News
The Reserve Bank of Australia has again agreed to hold the official interest rate at the historic low of 0.25 per cent at its monthly meeting – unmoved from lat…
The Reserve Bank of Australia has again agreed to hold the official interest rate at the historic low of 0.25 per cent at its monthly meeting unmoved from late March.
A number of economists had forecast there might be a cut in the cash rate and yield curve targets on Tuesday to help boost the COVID-19-hit economy, but the bank has remained steady.
Now experts predict instead that the bank will assess the measures in the federal budget delivered on the same day before making a change next month…
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